Etam was a major retailer in the 1990s. Berg was approached by its then FD, to assist in connection with a suspected fraud.
Etam had suspicions that its Property Director was mis-appropriating funds in conspiracy with outside property agents. Our investigations confirm that suspicions were well founded. However, the delicate and complex nature of the arrangements needed careful consideration and an imaginative approach.
Injunctive relief from the Courts was sought, which allowed us to undertake dawn raids on six addresses in the home counties and secure the accused bank accounts to be frozen. The litigation sent shudders through the property industry as it involved a number of high profile individuals in the property world. Our strategy paid off and many millions of pounds were recovered for the Company and the wrongdoers were ultimately convicted of fraud and sent to prison.